Business Environment and International Business MCQs
Practice free Business Environment and International Business multiple-choice questions with instant answer feedback and step-by-step solutions. Click an option to check yourself, reveal the full explanation, and work through all 873 questions — no login required.
Question 829medium
Which among the following are full member countries of ASEAN?
(1) Brunei Darussalam
(2) Cambodia
(3) Vietnam
(4) Myanmar
(5) Sri Lanka
(1) Brunei Darussalam
(2) Cambodia
(3) Vietnam
(4) Myanmar
(5) Sri Lanka
Question 830hard
Match the following.
| List-I | List-II |
| a. Adam Smith | 1. Availability |
| b. David Ricardo | 2. Endowment |
| c. Ohlin | 3. Absolute advantage |
| d. I. B. Kravis | 4. Comparative advantage |
Question 831hard
Consider the following statement and identify the right ones.
1. India adopted LERMS in 1992.
2. In 1993, dual exchange rate system was replaced by a unified floating exchange rate.
1. India adopted LERMS in 1992.
2. In 1993, dual exchange rate system was replaced by a unified floating exchange rate.
Advertisement
Question 832hard
Match the items of List-I with the items of List-Il:
| List-I | List-II |
| a. National Manufacturing Competitiveness Council (NMCC) | 1. Industrial Licensing Policy |
| b. National Investment Fund (NIP) | 2. Eleventh Five Year Plan |
| c. The Industries (Development and Regulation) Act (IDRA), 1951 | 3. The Competition Act, 2002 |
| d. Increase in Employment | 4. Public Sector Undertakings |
Question 833medium
Assertion (A): The gains from trade are determined by the terms of trade.
Reason (R): The gains from trade depend on the differences in comparative cost rations.
Reason (R): The gains from trade depend on the differences in comparative cost rations.
Question 834hard
Match the items given in List-I and List-Il.
| List-I | List-II |
| a. Economic liberalization | 1. IT-enabled services |
| b. Outsourcing | 2. SFIO |
| c. Corporate frauds | 3. Macro economic stability |
| d. Second generation reforms | 4. Increased competition |
Advertisement
Question 835hard
Match List-I with List-II and select the correct answer:
| List I | List II |
| a. Supply side of international trade | 1. David |
| b. Demand side of international trade | 2. Bastable and Alfred Marshall |
| c. Opportunity cost international trade | 3. G. Haberler |
| d. Real cost theory of international trade | 4. Alfred Marshall and Edgeworth |
Question 836hard
Match the items of List I with the items of List-II and select the correct answer:
| List-I | List-II |
| a. Rival firms | 1. External environment |
| b. Technology | 2. Social and cultural Environment |
| c. Improving quality | 3. Internal environment |
| d. Ethics in business | 4. Global environment |
Question 837hard
Which of the following would normally result from an increase appreciation in country's exchange rate?
(i) A fall in the country's rate of inflation
(ii) A rise in the volume of its exports
(iii) An improvement in its terms of trade
(iv) A surplus on its current account
(i) A fall in the country's rate of inflation
(ii) A rise in the volume of its exports
(iii) An improvement in its terms of trade
(iv) A surplus on its current account